Accountability and not-for-profit organisations: implications of an international financial reporting framework.
Crawford, Louise; Morgan, Gareth G.; Cordery, Carolyn J.
Gareth G. Morgan
Carolyn J. Cordery
This paper provides empirical evidence which informs contemporary debates on developing international financial reporting standards for not-for-profit organisations (NPOs) (CCAB, 2013a,b; IFRS Foundation, 2015). Drawing on a global survey with respondents showing experience of NPO reporting in 179 countries, we explore: practice and beliefs about NPO financial reporting internationally; perceptions of accountability between NPOs and stakeholders; and implications for developing international financial reporting standards. Interpreting our research in the context of accountability, we find considerable support for developing international financial reporting standards for NPOs, recognising broad stewardship accountability to all stakeholders as important, but prioritising accountability upwards to external funders and regulators.
|Journal Article Type||Article|
|Publication Date||May 31, 2018|
|Journal||Financial accountability and management|
|Publisher||Wiley Open Access|
|Peer Reviewed||Peer Reviewed|
|Institution Citation||CRAWFORD, L., MORGAN, G.G. and CORDERY, C.J. 2018. Accountability and not-for-profit organisations: implications of an international financial reporting framework. Financial accountability and management [online], 34(2), pages 181-205. Available from: https://doi.org/10.1111/faam.12146|
|Keywords||Not for profit organisations (NPO); Accountability; International financial reporting; Stewardship|
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